Khaberni - South Korea has enacted a comprehensive AI regulation law today, Thursday, which will take effect immediately to combat misinformation and forgery.
The "Basic Artificial Intelligence Law" requires companies to take greater responsibility for high-risk AI content, such as employment decisions, loans, and medical advice, granting the government the authority to impose fines up to 30 million won.
According to the law, it must:
Inform users about the use of AI and watermark the produced content.
Appoint a local representative in South Korea for major companies like OpenAI and Google.
A one-year grace period before penalties are enforced, with government plans every 3 years to support the industry.
"This law is the first of its kind in South Korea, where the adopted law serves as a reliable regulatory framework for artificial intelligence," according to South Korea's Yonhap Agency.
This move comes in the context of nations trying to regulate the AI sector, which is continuously advancing. Kazakhstan also announced last week the implementation of its new AI law.
The law adopted in Kazakhstan establishes the legal basis for the use of artificial intelligence in the country, dedicating the principle of prioritizing individuals and their rights, freedoms, and welfare.
The law also establishes the basic principles for the use of artificial intelligence, including fairness and equality, algorithm transparency and interpretability, accountability and transparency, data protection and privacy, and security and reliability of AI systems.
